Elliott Wave Forecast – Daily Chart |
Bitcoin / U.S. Dollar (BTCUSD)
BTCUSD Elliott Wave Technical Overview

• Objective: Counter-Trend Movement
• Mode: Corrective
• Pattern: Zigzag
• Current Position: Wave C
• Larger Wave Context: Part of Wave ((II))
• Invalidation Level: —

BTCUSD Trading Strategy – Daily Chart Perspective:

Bitcoin is currently completing a corrective zigzag pattern. The price is progressing in wave (c), targeting approximately $62,075, assuming Wave C mirrors Wave A in depth. Earlier, Wave (a) reached ~$76,510, followed by a bounce in Wave (b) that stalled below resistance near ~$81,388. This suggests bearish continuation in Wave (c) with potential support at the $62K zone.

Trading Strategy:

• Swing Trading Opportunity:

  • The $62K region may provide a medium to long-term accumulation opportunity. However, traders should wait until the wave structure confirms its completion.

• Risk Management:

  • The wave count will be considered invalid if Bitcoin climbs above $88,973.

Elliott Wave Forecast – H4 Chart |
Bitcoin / U.S. Dollar (BTCUSD)
BTCUSD Elliott Wave Technical Overview

• Objective: Counter-Trend Movement
• Mode: Corrective
• Pattern: Zigzag
• Current Position: Wave C
• Larger Wave Context: Part of Wave ((II))
• Invalidation Level: —

BTCUSD Trading Strategy – H4 Chart Perspective:

Zooming in, Bitcoin remains within a corrective phase. The coin is tracking wave (c) downward, aligned with the daily projection of $62,075. This level becomes a focal point if Wave C matches the depth of Wave A. The upward movement in Wave (b) lacked strength to overcome resistance at ~$81,388, reaffirming downward bias for the time being.

Trading Strategy:

• Swing Trading Opportunity:

  • The area around $62K may present an accumulation zone for medium to long-term positions. Await completion of wave patterns before acting.

• Risk Management:

  • The wave structure will be invalidated upon a breakout above $88,973.

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Analyst: Kittiampon Somboonsod, CEWA

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